2025-2029 Surrey Financial Plan

FINANCIAL SUMMARY

(in thousands)

2023

2024

2024

2025

2026

2027

2028 PLAN

2029 PLAN

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

PLAN PLAN

Taxation

$ 517,404

$ 558,359

$ 543,134

$ 578,228

$ 605,629

$ 634,629

$ 665,325

$ 697,817

Sale of Goods and Services Departmental Fees & Charges

57,991 28,897

57,122 37,129

54,993 33,369

57,895 35,492

59,549 36,555

61,250 37,648

62,999 38,775

64,805 39,936

Secondary Suite Infrastructure Fees Other Corporate Fees & Charges

7,170

5,246

4,812

4,646

4,796

4,946

5,096

5,246

Sale of Goods and Services

94,058

99,497

93,174

98,033

100,900

103,844

106,870

109,987

Developer Contributions

1,941

1,277

-

-

-

-

-

-

Investment Income

78,300

93,014

70,608

62,390

56,546

47,329

39,494

32,835

Transfers from Other Governments Departmental Government Transfers Corporate Government Transfers Transfers from Other Governments

20,796 38,324 59,120

18,385 75,130 93,515

8,326

12,131 63,885 76,016

12,151 58,803 70,954

12,172 34,923 47,095

12,193 35,029 47,222

12,215 25,060 37,275

49,399 57,725

Other Revenues Departmental Other Revenues

56,840 17,238 74,078

61,630 23,822 85,452

45,148 17,687 62,835

46,844 21,392 68,236

48,225 21,454 69,679

49,646 22,326 71,972

51,111 24,845 75,956

52,621 25,010 77,631

Corporate Other Revenues

Other Revenues

TOTAL REVENUE

$ 824,901 931,114 $

$ 827,476

$ 882,903 903,708 $

$904,869 934,867 $

$ 955,545

EXPENDITURE SUMMARY

Departmental Expenditures

$ 605,280

$ 682,206

$ 663,377

$ 703,760

$ 713,526

$ 727,661

$ 736,310

$ 746,655

General Government - Council Initiatives

132

178

260

260

260

260

260

260

Fiscal Services & Debt Interest

11,746 21,770

10,099

9,352 9,492

10,610

12,401

14,193 10,185

15,057 10,496

15,593 10,815

Municipal Debt Principal

9,492

9,492

9,492

TOTAL EXPENDITURES

$ 638,928 701,975 $

$ 682,481

$ 724,122 735,679 $

$752,299 762,123 $

$ 773,323

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources

51,406 134,567

108,874 120,265

91,714 53,281

111,880 46,901

84,112 83,917

93,899 58,671

78,247 94,497

73,061 109,161

TOTAL TRANSFERS

$ 185,973 229,139 $

$ 144,995

$ 158,781 168,029 $

$152,570 172,744 $

$ 182,222

NET GENERAL OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

City of Surrey | 2025—2029 Financial Plan | General Operating

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